Markets need oversight and regulation to function properly. If the EPA doesn’t have the “capacity” to ensure that what’s being traded is real, then it might as well admit its “market” is fundamentally flawed.
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A few weeks ago, I attended a discussion about ethics and oil spills at the Offshore Technology Conference. I was critical of the presentation by W.C. “Rusty” Riese, a geoscientist and adjunct professor at Rice University, for directing much of the criticism over the Gulf oil spill outwardly at the media, lawmakers and regulators. After […]
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The trading loss isn’t just an embarrassment for Chase and Dimon, it’s an embarrassment for the regulators, the lawmakers, and the Obama administration that have collectively refused to put meaningful limits on Wall Street’s most egregious activities.
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I spent the day surfing the economic ripple effect across 641,000 square feet. I didn’t actually cover every inch of the exhibits at the Offshore Technology Center, but I found myself wandering around the main exhibit hall to the satellite displays at the Reliant Arena. You see the well-known names, such as BP and Halliburton; […]
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